Let's Talk Stock

[kamarozrule]

What's up everybody? Any of you guys have some stock tips? I have one. BKMP. I like the penny stocks, lots of money to be made :)

[SpeedingFirebird]

Re: Let's Talk Stock

Any of you guys have some stock tips?

Yeah. Buy Mutual Funds. Individual stocks are not likely to do much unless you hold them for a long time or if you day trade. Mutual funds have a greater tendency to rise, and they are managed as part of the deal. SPYDR funds are cheaper because they are managed by a computer instead of a person.

[Mogobs30th]

Re: Let's Talk Stock

This is something I need to get into myself. I would definitely like to retire by the time I turn 55, and on the path I am going now thats not possible, unless I can really start to invest some money along the way. I was thinking mutual funds myself, something low risk. But I wouldn't mind dabbling in some high risk funds for short term gains, but timing is everything with high risk funds.

[SpeedingFirebird]

Re: Let's Talk Stock

This is something I need to get into myself. I would definitely like to retire by the time I turn 55, and on the path I am going now thats not possible, unless I can really start to invest some money along the way. I was thinking mutual funds myself, something low risk. But I wouldn't mind dabbling in some high risk funds for short term gains, but timing is everything with high risk funds.

For retirement, look into IRAs with tax benefits. Most banks/credit unions have advisors that you can chat with for free to get some ideas. Somebody else chime in here, but I think you can put a percentage into a Roth IRA from your pre-tax income.

Don't play the market for short term gains. You will likely lose. Do not use the dot com bubble as a guide for the stock market. Unless you day trade, short term gains are tough to come buy. By the time you pay commissions and taxes, it is not worth your time.

If you log on to E*trade, you can search for funds based on your goals and risk. You can also see what companies the funds invest in. If you see no-name companies - it likely high risk. If you see IBM, Microsoft, 3M, it is low risk. Low risk funds also have some percentage in money market accounts.

*edit*
CNN was running this article about stocks to buy for long term retirement investing: http://money.cnn.com/2006/06/13/maga...tune/index.htm

[lambo101]

Re: Let's Talk Stock

i really would like to get into trading stock but i don't know where to get started. anyone have any info on getting started?

[V6Bob]

Re: Let's Talk Stock

i really would like to get into trading stock but i don't know where to get started. anyone have any info on getting started?

http://www.amazon.com/gp/product/076...Fencoding=UTF8

Haven't read this particular book, but I own several in the "... for Dummies" series, and they're all excellent.

Note that most professional investors (and surely most amateurs) do worse than the "indexes". These are the things you see on the news; Dow-Jones, S&P 500, etc. There are "index" mutual funds that don't try to do anything clever, they just try to exactly match the index. They outperform most "managed" mutual funds, especially over the long run. I'm sure the book above will cover that.

"Trading" stocks is just high class gambling. Most people achieve the same result as gambling, ie over the long run, they lose money. It's better to invest in stocks. the book above will cover that, too.

[SpeedingFirebird]

Re: Let's Talk Stock

i really would like to get into trading stock but i don't know where to get started. anyone have any info on getting started?

1. Scroll up and read everything I said about not trading stocks.
2. Never take stock advice from people who don't do it for a living. Stock tips are worth exactly what you pay for them.
3. The Wall Street Journal published some short books on investing. VERY useful, very good read. Money magazine is good too.
4. Educate yourself before jumping in. You wouldn't put your money down at a card table until you knew the game, right? same idea. People much more educated about the market are more than happy to take your money.
5. Don't buy stocks. buy mutual funds.

[flyfrito_SS]

Re: Let's Talk Stock

HA I thought you were talking about stock tips for a car...... wow I need some food.

[kamarozrule]

Re: Let's Talk Stock

1. Scroll up and read everything I said about not trading stocks.
2. Never take stock advice from people who don't do it for a living. Stock tips are worth exactly what you pay for them.
3. The Wall Street Journal published some short books on investing. VERY useful, very good read. Money magazine is good too.
4. Educate yourself before jumping in. You wouldn't put your money down at a card table until you knew the game, right? same idea. People much more educated about the market are more than happy to take your money.
5. Don't buy stocks. buy mutual funds.

Mutual Funds aren't going to pay for the apt next semester :-p . I have been day/short-term trading in the OTCBB and PinkSheet mkts for almost a year now. And since I did my homework before I jumped in, I have very profitable. But, I know it is extremely high risk but I can handle the pressure. . . so far lol. Don't get me wrong, Mutual funds are great in the long run. But not my cup of tea. Also, I am going to school to become a financial consulant or investment banking, something along those lines.

[SpeedingFirebird]

Re: Let's Talk Stock

Mutual Funds aren't going to pay for the apt next semester :-p . I have been day/short-term trading in the OTCBB and PinkSheet mkts for almost a year now. And since I did my homework before I jumped in, I have very profitable. But, I know it is extremely high risk but I can handle the pressure. . . so far lol. Don't get me wrong, Mutual funds are great in the long run. But not my cup of tea. Also, I am going to school to become a financial consulant or investment banking, something along those lines.

Ahh. OK. that is a whole different story. You left it out before. :)

Check out Epicore Software (EPIC). They recently bought my brother's pirvately held company which was growing 30% year-to-year for the last seven years. The left all the management in place, so I expect the growth to continue. This should do good things for the stock price.

disclaimer: If you lose money, it's not my fault! :banana:

[JusFlyinBy]

Re: Let's Talk Stock

Anyone else take a huge hit in the month of June? WTF happened? I was way ahead, now im dead even... :(